The discussion centers on whether a chemist or physicist, with complete knowledge of hydrogen and oxygen properties but no prior knowledge of water, could predict the formation of water and its properties from these elements. Participants argue that while predicting some properties, like the liquid state of water at standard temperature and pressure (STP), might be feasible due to the molecular geometry and dipole moment, other properties are much more complex and not easily inferred. The conversation highlights the importance of understanding how components behave when assembled into systems and the challenges of predicting emergent properties, particularly in bulk materials. It is noted that while quantum chemistry can model individual molecules effectively, predicting bulk properties requires more extensive computational resources and empirical data. The complexity of water's behavior, including its unique hydrogen bonding and the differences in properties between small clusters and bulk water, is emphasized. Overall, the ability to predict water's properties from hydrogen and oxygen alone remains a nuanced and challenging question, reflecting the intricate nature of chemical synthesis and molecular interactions.